Musings Of A Bullion Dealer - Baltimore
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- Опубликовано: 25 мар 2024
- Michael drove in early this morning, and fired up the camera to let us in on some of his morning's thoughts on the terrible tragedy of the Francis Scott Key Bridge in Baltimore and more specifically about President Biden's plan to have the Federal Government cover the cost.
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Hey… wanna come to the US? We need more people like you who are not screwed up up there.
Great post mate.
It was under control of 2 of the local harbor pilots to comply as required by Maryland law. So by the sounds of it, the government run harbor has 2 government workers in control of the ship at the time.
So basically the government crashed a companies ship into their own bridge after requiring them by law to have the 2 harbor pilots take control.
Well said Michael
Good to hear off the cuff impromptu musings. Surprised/shocked Michael not wearing his BN t-shirt.
Always a rare sight to see!
Under his jumper...
Obviously cold there. Had his jumper on over the top.
Love these impromptu videos . Great to hear like minded people talk sense 🙌.
Also a shout out to Matt for helping me with my order on the phone today- I was a bit star struck 😄👌
well said
Spot on.💲
loved this musing!
Were all affected by American Policies
So we're got every right to comment on US political stuff
As an American I agree. Send prayers as any nation reliant on us needs our leadership to clean up it's act.
💯
Well done Michael! Somebody has to speak up, and I glad this truth-bomb even comes from a citizen of another country!
Spot on Michael
Typical politician making the most of a situation to boost there own popularity. Its an election year after all.
Good muse!
Don’t apologise to public servants Michael… We all know tenders are awarded to the lowest bidder with the shortest time frame. (Especially here in Queensland).
Your absolutely correct and if gold goes to 800 I'm buying a few kilos
First after me .
Good luck, I don't think GOLD will EVER be under $1,000 again. Ever.
As an American...I am dumbfounded as always in these news cycles. If a mistake is made in Baltimore, why are taxes from citizens in Florida on the hook. The money is there to repair in taxes but those should be owed back by the negligence ordered in a court. This has been an issue for some time. In example, if California has issues caused by many government mandates, the federal government outstretches it's arm so that every state that does it right like Texas will then carry the load of bad policy of others. It is a strength of the union but just like the private boat company, if a government policy, agency, or official causes tax dollars to be borrowed from out of state payers, then a reclamation process of accountability should be part of the process. I send prayers you way my brother. Our country needs them as to all of the nations who are currently reliant on the US.
Agree with what you say.
As far as been reliant on them is probably more of an issue of all the deals been made and how much we gave up to have this allie. Its probably more of countries are coming off 2nd best against one of the largest who are in a position to do this
They say jump and we say how high.
@@Knackers_Oreilly Freedom is not possible under these conditions. We are not free to act in our best interests when we are scared of repercussions.
@@cultureofcurrency Exactly. If you create enough fear you have control. Just look at the last 3 years.
You have to do whats right for you and your family because nobody else will and this why BN vid is spot on..👍
@@Knackers_Oreilly Yes...The only way to be free is to not fear...Freedom to choose without fear of retaliation is everything.
I'm American and you're completely correct. People have come to expect the government to solve every societal problem and that's a huge problem.
🦅🦅🦅🦅I salute you.
Torally true what you are saying. I have seen an article from their local newspaper dating back to 2022, had already approved to build a 2nd bridge next to the existing (now collapsed) bridge 🤔
Great explanation. Not many people realise thats how it all works.
On anothet note, im surprised that biden managed to finish a sentence without talking about ice cream.
Dezy, that’s Cold! 😂
that insurance company would probably end up going broke. So will require a bail out which will need government funding 🙂
Arnt most insurance companies insured themselves? Not sure how it works tbh..
I have my theories about this but I’ll keep them to myself.
Even if u tried to share them, odds are YT would censor them anyway, so nobody would get to c them.
Please don't keep your theories to yourself!!
Lemme get my popcorn...
🍿
So far, theories are more reliable than “peer reviewed” studies. You know what i mean.
Ah mate no. It is very unlikely that any insurer will have the replacement value of an entire bridge plus the loss of life as part of a policy and it is likely that the boat is mortgaged from top to bottom, flagged in the Bahamas and the owner is foreign. So who and in which jurisdiction are they going to pursue? There will be years of court battles in this to establish liability.
A sensible government will get on with rebuilding the bridge first before trying to retrieve the cost, or at least some of the cost from the owners of the boat.
The rebuild will be very expensive but in the context of overall US public spending it will be a mere drop so not that inflationary plus the government spend will, in the short term at least, boost Baltimore's economy.
If America sneezes the world catches a cold. We should all be aware of American politics and policies. It does affect us.
I would imagine that the big insurance companies have many mates in government, why pay out when the government will make the general public pay, that are what mates are for, aren't they!
Have they not heard of insurance
Its corporate welfare. They won't let the insurance company take the loss. Hell... they just GAVE 8 Billion to one microchip company... already worth 200 Billion, making quarterly dividends... among the most profitable industry sectors for 3 decades. CORPORATE WELFARE AND CORRUPT KICKBACKS
Never ever forget that the people (the tax payers) are the ones that ultimately pay !
You have something that most people don’t, critical thingking
I'm sure the insurers will try everything not to pay out this one
Not just Governments driving up inflation remember the central banks introducing more currency digitally into the system example RBA Australia 200 Billion as if that not inflationary.
Billions not millions, we are in the end times, stuff is expensive now.
I am a Texan. Joe Biden is a joke. How about they do an investigation like for airplane accidents? Did the captain fall asleep? Was the captain drunk? Was it mechanical/electrical error? Investigate and see what really happened, then go through who/what is liable. Sadly their are alot of lives that are hurting right now.
Slow Joe can’t even communicate a sentence in a coherent fashion. Sometimes its really embarrassing to be an American.
Love these musing videos. See you all on the Thursday night live stream ❤
Careful with looking at the camera when driving............. Just don't want you in trouble Michael.
Knight Rider 💪
Clear the passage,build a bridge first. Sue the shipping company after.
I would think Maersk (operator) insurance will pay for it ultimately. In the meantime, the Feds will pay
It’s all the fault of the money printing machine. Big brother misused printing machines.
You’re absolutely right. Today’s governments find it extremely difficult to be fiscally responsible and just do the right thing. Corruption and idiocy of this administration are yet to surface. But I believe Jo won’t be in the WH long. Hopefully things will improve
How long will it take with legal stalling to fix the bridge and help those affected if the government don’t step in, I believe 100% that the insurance needs to be held responsible but litigation in the states takes years.
I can see both sides comfort by immediately assuring the people it will be fixed asap but he should have added legal action and responsibility will be addressed whilst repairs undertaken.
Many class actions also will be held for those affected but it will take years. Being ex government I see both sides.
That's what I was jumping on to say. The insurance companies would probably try to hold it up in court for years. So the government jumping in to get it done right away, and then pursuing the insurance company to get reimbursement (including the relevant amount of interest) would probably be the way to go.
Trump 2024.
The Govt engineered this 'accident' so they should pay
Never stand between a socialist and taxpayer's hard earnt money.
The Federal Government should NOT be on the hook for this bridge. There are literally 10 other "actors" that should be RESPONSIBLE for paying for this before the US GOV.
In no particular order: Insurance, Boat Company, Shipping Company, Crew, Port Insurance, Port Operator, Tug Boat/Safety Operator, other Insurance companies of all those mentioned, State of Maryland, City of Baltimore, and the list goes on a on. If the Feds want to do some sort of loan guarantee to back up the faith and credit of the others or give some interest rate help or even help woth Permitting/Environmental Studies to fast tracl a replacement: fine. But for Joe Biden to just be like "We are gonna pay for it in full!" Is ignorant and stupid.
Is that a Tesla you are driving?
Freedom isn't free,
It costs folks like you and me,
And if we don't all chip in,
We'll never pay that bill.
Freedom isn't free,
No, there's a hefty fuckin' fee,
And if you don't throw in your buck 'o five,
Who will?
I always tell people you can't throw money into every problem and think that'll fix it. Weirdly those people are alway anti-capitalists or open socialists
👍 🍻
You said what Trump would have said as President
I dont live in Baltimore so not my problem.
I pray that people there may have other ways of crossing
Poor Joe 😴 lol